MoneyOnMobile Inc (MOMT)

[royzim]

A new Zack's Research report was released a few days ago, probably in line with the rights offering. This from the short version at: https://finance.yahoo.com/news/momtd-moneyonmobile-enabling-india-cash-213000898.html?.tsrc=rss:

"MOMT is in the process of a rights offering at $6 per share and hopes to raise $4 to $10 million to fund its growth. Given our estimates and peer comparables we believe that MOMT stock is worth $9.50 per share based on an industry average EV to sales of 4.1 times and our calendar year 2018 estimate of $12.7 million in revenues. Given the company’s revenue potential for 2019, the stock price could move to $34 per share based on this multiple."

The full version is at: http://s1.q4cdn.com/460208960/files/News/2018/Zacks_SCR_Research_05162018_MOMTD_Thompson.pdf